While the rest of the world rebounds, a shaky Chinese economy could still hit in the heartland.

While the rest of the world rebounds, a shaky Chinese economy could still hit in the heartland.

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Updated: 6:58 PM CDT Aug 25, 2015

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WEBVTT AND AS SHAINA HUMPHRIES REPORTS, THAT MEANS IOWA COULD TOO. SHAINA: IT'S NOT EVERY DAY THAT CONNECTIONS ARE DRAWN BETWEEN IOWA AND CHINA, UNLESS YOU'RE AN ECONOMIST. WE EXPORT A LITTLE UNDER $1 BILLION WORTH OF GOODS TO CHINA ON A YEARLY BASIS, WHICH IS ABOUT 6% OF OUR TOTAL EXPORTS. SHAINA: RECENT CONCERNS OF A CHINESE ECONOMIC SLOWDOWN PROMPTED A MASSIVE SELL-OFF AROUND THE WORLD. BUT THE CHAOS CALMED DOWN TUESDAY AFTER CHINA CUT INTEREST RATES TO STOP THE PANIC. BUT WHILE THE REST OF THE WORLD REBOUNDS, A SHAKY CHINESE ECONOMY COULD STILL CAUSE A HIT HERE IN THE HEARTLAND. THE CORN PRICE, SOYBEAN PRICE, ALL THOSE ARE IMPACTED BY CHINESE DEMAND, JUST AS THEY ARE FOR THE REST OF THE EMERGING MARKET DEMAND. AND CHINA IS THE WORLD'S BIGGEST -- SHAINA: AND CHINA IS THE WORLD'S BIGGEST PORK CONSUMER. BUT THE IOWA PORK PRODUCERS TELL ME THEY WON'T BOTHER SPECULATING QUITE YET, BECAUSE WITH ALL THE VOLATILITY IN CHINA, ANYTHING COULD HAPPEN. THE VOLATILITY COULD EVEN BE A GOOD THING FOR THE PORK TRADE, ACCORDING DUTCH ANALYSTS AT RABOBANK INTERNATIONAL. MILLIONS OF SMALL PORK-PRODUCING COMPANIES HAVE FAILED RECENTLY IN CHINA WHICH COULD REALLY RAMP , UP DEMAND FOR AMERICAN PORK. IT'S GOING TO BE THE QUESTION OF, IS THERE A GROUP THERE DEMANDING THE GOODS. IF THAT GROWTH THERE CONTINUES, THEY CAN'T SUPPLY THEMSELVES AND THEY HAVE TO HAVE EXPORTS FROM PEOPLE LIKE IOWA, TO HELP SERVE THAT. SHAINA: STILL, AS ECONOMISTS AND INVESTORS KEEP WATCH ON CHINA ROOT SAYS THE RECENT FLURRY OF , ACTIVITY ISN'T ALL THAT WORRISOME. IF ANYTHING, HE SAYS IT'S OVERDUE. OUR MARKET HAS BEEN ON A 6 YEAR BULL RUN AND WE NEEDED TO HAVE A LITTLE CORRECTION. AND THIS WAS THE IMPETUS TO KIND OF REPOSITION.

Shaky Chinese economy could hit the Midwest

While the rest of the world rebounds, a shaky Chinese economy could still hit in the heartland.